Korea’s consumer sentiment rebounds in May

South Korea’s consumer confidence rebounded
in May after five straight months on the decline since December. The Bank of Korea says the country’s consumer
sentiment index rose to 107-point-nine in May, up zero-point-eight points from the previous
month. A reading above 100 means there are more optimists
than pessimists about the economic conditions in the coming months. The central bank attributed the boost to the
recent thaw in inter-Korean relations and prospects for a North Korea-U.S. summit in
June. Eased concerns over a possible trade clash
between the U.S. and China also supported the turnaround.

Glenn Chapman

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